Governor Rauner Joins Hundreds of Community Members, Local Bus. Leaders, Environmental Groups & Nuclear Plant Employees for S...
December 07 2016 - 10:43AM
Business Wire
Legislation will boost Illinois’ economy,
create and save thousands of jobs and strengthen state’s clean
energy leadership
Exelon representatives and nuclear plant employees today joined
Governor Bruce Rauner, state legislators, local business leaders,
environmental groups and hundreds of community members to celebrate
the signing of the Future Energy Jobs Bill, a comprehensive energy
plan that safeguards the state’s top source of clean energy,
protects and creates thousands of jobs and strengthens the Illinois
economy, while preserving competitive rates.
Thousands of Illinoisans are attending rallies today at
Riverdale High School in the Quad Cities region and Clinton High
School to celebrate the signing of the Future Energy Jobs Bill by
Governor Rauner. The Clinton and Quad Cities plants, two of the
state’s reliable and efficient nuclear power plants, are now
planned to operate for at least another 10 years as a result of the
legislation.
“The Future Energy Jobs bill protects taxpayers, ratepayers, and
the good-paying jobs at the Clinton and Quad Cities’ plants,” said
Governor Rauner. “This bill ensures we don't gamble with
thousands of good paying jobs and gamble with our energy diversity.
Thank you to those who negotiated in good faith to help make this
bill a reality, and most importantly, thank you to the people of
Quad Cities and Clinton for your persistence, your patience and
hard work.”
“This historic legislation will protect the state’s primary
source of clean energy while saving thousands of good jobs at our
plants and providing millions of dollars in low-income assistance,
as well as job training in communities that need it most,” said
Chris Crane, president and CEO of Exelon. “We appreciate the
leadership of Governor Rauner and legislative leaders for their
roles in positioning Illinois to be a national leader in clean
energy, job growth and economic development.”
“As a graduate of Riverdale High School and an employee of Quad
Cities Station, I would like to thank Governor Rauner and state
elected leaders for securing the future of my community and
ensuring the long-term operation of the plant where I built my
career,” said Drew Griffiths, shift manager, Exelon Generation. “On
behalf of all of my colleagues, I’d like to express my gratitude
for protecting our state’s clean energy future and for keeping
Illinois at the forefront of zero-carbon energy generation.”
“This is a big win for consumers,” said Dave Kolata, executive
director of the Citizens Utility Board. “It’s Economics 101 –
reducing demand for electricity also reduces the price. Illinois
already enjoys some of the lowest rates in the nation because of
energy efficiency, and this bill will drive further savings to
homeowners.”
“With this legislation, Illinois will now be able to compete
head-to-head for clean energy jobs with any other state in the
nation -- and win,” said Jennifer Walling, executive director of
the Illinois Environmental Council. “The Future Energy Jobs Bill
fixes and improves the broken Renewable Portfolio Standard, leading
to $12 billion to $15 billion in private investment and the
development of at least 3,000 megawatts of new solar and 1,300
megawatts of wind energy— enough to power nearly 1 million
homes.”
The Future Energy Jobs Bill secures competitive electric rates
for Illinois homes and businesses, protects and creates good-paying
jobs, and spurs billions of dollars in investment in clean energy
and energy efficiency across the state. It also levels the playing
field with solar and wind energy by valuing the zero-carbon energy
produced by the nuclear facilities. Ninety percent of the
zero-carbon energy produced in Illinois comes from the state’s
nuclear facilities.
The bill also includes protections that limit the impact of the
legislation to 25 cents per month for the average ComEd residential
customer and to all business classes at 1.3 percent compared with
their 2015 rates. It also will provide businesses flexible options
for capturing savings through expanded energy efficiency
initiatives.
The bill received broad support from more than 200 business,
labor, environmental, faith-based and other groups, including the
AFL-CIO, IBEW, Chicagoland Chamber of Commerce and Illinois Retail
Merchants Association. It also had support from members of the
Clean Jobs Coalition, including the Citizens Utility Board, Natural
Resources Defense Council, Sierra Club, Environmental Defense Fund
and others.
For more information, visit futureenergyjobsbill.com.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
32,700 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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Exelon CorporationPaul
Adams410-470-4167paul.adams@constellation.com
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